Hedge fund billionaire backs bitcoin payment startup

Alan Howard, the billionaire cofounder of hedge fund Brevan Howard, has backed a startup building a Venmo-like app for cryptocurrencies.

Bottlepay said on Tuesday it had raised £11m (US$15.5m) in seed funding from backers including Howard. The London-based startup said money also came from “present and former Goldman Sachs partners” but declined to name them. Bottlepay, which was founded in 2019, was valued at £51m in the deal.

The funding round comes amid increased interest in bitcoin from institutional investors and large corporates.

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Source: Brevan Howard’s Alan Howard invests in bitcoin startup Bottlepay